All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in the District of Columbia
SMU11000007071000001A • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
9.90
Year-over-Year Change
41.43%
Date Range
1/1/1990 - 1/1/2024
Summary
This economic trend measures the total number of all employees in the arts, entertainment, and recreation industry in the District of Columbia. It provides insight into the state of the local leisure and hospitality sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in the District of Columbia series tracks employment levels in this key service industry. It is an important indicator of economic activity and consumer demand in the region.
Methodology
The data is collected through employer surveys by the U.S. Bureau of Labor Statistics.
Historical Context
This trend is closely watched by policymakers, businesses, and analysts to assess the region's economic performance and consumer confidence.
Key Facts
- The arts, entertainment, and recreation industry is a major employer in the D.C. region.
- Employment levels in this sector reflect the strength of the local tourism and consumer markets.
- Trends in this data help inform economic policy and business decisions.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total number of employees in the arts, entertainment, and recreation industry within the District of Columbia.
Q: Why is this trend relevant for users or analysts?
A: This data provides insight into the strength of the local leisure and hospitality sector, which is a key driver of economic activity and consumer demand in the D.C. region.
Q: How is this data collected or calculated?
A: The data is collected through employer surveys conducted by the U.S. Bureau of Labor Statistics.
Q: How is this trend used in economic policy?
A: Policymakers, businesses, and analysts closely monitor this trend to assess the region's economic performance and consumer confidence.
Q: Are there update delays or limitations?
A: The data is published monthly with a typical 1-2 month delay.
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Citation
U.S. Federal Reserve, All Employees: Leisure and Hospitality: Arts, Entertainment, and Recreation in the District of Columbia (SMU11000007071000001A), retrieved from FRED.